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Dec 24, 2012
12/12
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stocks stumbled on wall street and talks stalled on the fiscal cliff. the dow dropped nearly 121 points on friday while the nasdaq fell 29. >>> as americans hit the road for holiday travel they'll be paying let at the gas pump. according to aaa, the national average is about 3.25 cents a gallon for regular. that's down 16 cents from a month ago. >>> "the hobbit:an unexpected journey," took in $27 million. coming in second $16 million. "this is it" took in $14 million. duarte? >> thank you, erica ferrari, here in new york. >>> in sports the seahawks put a damper on the 49ers' plan of winning the midwest. they have a field goal block. it's scooped up by the seahawks richard sherman who brings it back to 90 yards for a touchdown. seattle blows out san fran 42-13. >>> and the baltimore ravens are the champions of the afc north. the ravens get on the board first with a touchdown grab by tore are smith. baltimore passes the giants for a 33-14 win. when we return, the holiday hit a high note. audiences around the world take part at an annual sing-a-long of a c
stocks stumbled on wall street and talks stalled on the fiscal cliff. the dow dropped nearly 121 points on friday while the nasdaq fell 29. >>> as americans hit the road for holiday travel they'll be paying let at the gas pump. according to aaa, the national average is about 3.25 cents a gallon for regular. that's down 16 cents from a month ago. >>> "the hobbit:an unexpected journey," took in $27 million. coming in second $16 million. "this is it" took in...
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Jul 24, 2012
07/12
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challenge that is coming up, the fiscal cliff, and we talked about that and other things including recent criticism of him. what is driving the confidence factor in the american economy? >> there are two clouds over us. one is the impact of europe on growth here and around the world and concerns about how they manage this crisis and the second is a broader concern about whether the political intuitions of the country are going to find a way to move again, to govern again, become unstuck and do things that are good for the economy in the short run and long run. >> what's the role of this administration in the european debt crisis? >> what we have done from the beginning is worked very, very hard with european leaders mostly in private to try to bring them together and support a more powerful set of reforms to restore stability and get growth stronger and put in place a more durable set of institutions to make monetary union work. >> some say that merkel believes she can always come in and rescue at the last moment and that's her operative philosophy. >> the balance is very important. if yo
challenge that is coming up, the fiscal cliff, and we talked about that and other things including recent criticism of him. what is driving the confidence factor in the american economy? >> there are two clouds over us. one is the impact of europe on growth here and around the world and concerns about how they manage this crisis and the second is a broader concern about whether the political intuitions of the country are going to find a way to move again, to govern again, become unstuck...
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. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter:
. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes...
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Jun 12, 2012
06/12
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this morning, serious discussions are going on to deal with the fiscal cliff and rebecca jarvis talked with those involved in the discussions. >> good morning to you. cbs news has learned that this is a broad group of about 30 senators from both sides of the aisle. and according to sources present in the meetings it is not just those with so-called safe seats who are nearing retirement. there are even some freshmen senators who are participating. now, the talks began with dinners and casual social gatherings hosted by senators lamar alexander and mark warner a senator who's been attending tells me that there's no clear leader, calling it a coalition of the willing. insiders also tell me that the senators have broken in to working groups to address primary issues in the fiscal cliff, including defense spending, corporate taxes and individual taxes. and while the groups overall are agreeing on principle and coming to some broad conclusions, they are still split down party lines on specifics. participants of the meeting say that their biggest achievement so far is just getting to the same
this morning, serious discussions are going on to deal with the fiscal cliff and rebecca jarvis talked with those involved in the discussions. >> good morning to you. cbs news has learned that this is a broad group of about 30 senators from both sides of the aisle. and according to sources present in the meetings it is not just those with so-called safe seats who are nearing retirement. there are even some freshmen senators who are participating. now, the talks began with dinners and...